Office Space: The CRE Effects on Major U.S. Cities
Rising office vacancy rates, declining property valuations, and the respective impact on tax revenues and city budgets are a source of growing concern for municipal bond investors.
Past performance is not a reliable indicator of future results. There is no guarantee that objectives will be met. All investments involve risk, including possible loss of capital.
Source of data (unless otherwise noted): PGIM Fixed Income. Staffing data as of September 30, 2023.